AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The State Bank of Pakistan released new exchange rates for the revaluation of foreign currencies by authorized dealers, providing detailed figures for ready, 1-month, and 1-year rates. This update is crucial for financial institutions and businesses engaging in international transactions, impacting currency valuations against the Pakistani Rupee.
The U.S. Dollar (USD) has been set at a ready rate of 280.3695, with a 1-month rate of 282.2064 and a 1-year rate of 293.1117. Meanwhile, the Euro (EUR) is listed at 304.0187, 306.5481 for 1-month, and 324.0530 for 1-year revaluations.
The British Pound (GBP) shows a ready rate of 363.1767, advancing to 365.5219 for 1-month and reaching 379.0000 for the 1-year term. The United Arab Emirates Dirham (AED) is set at 76.3336 for ready transactions, 76.8431 for 1-month, and 79.8844 for the 1-year rate.
Saudi Riyal (SAR) rates are listed at 74.7413 for ready, 75.1979 for 1-month, and 77.8414 for 1-year revaluation. The Kuwaiti Dinar (KWD) stands out with a ready rate of 909.6705, climbing to 916.6084 for 1-month, and peaking at 959.2794 for 1-year.
Bahraini Dinar (BHD) figures are 743.7548 for ready transactions, 748.2802 for 1-month, and 774.1692 for 1-year. The Qatari Riyal (QAR) is set at 76.9137 for ready, 77.4324 for 1-month, and 80.3100 for the 1-year rate.
These rates are essential for calculating the mark-to-market valuation of foreign exchange holdings and will assist authorized dealers in aligning their strategies with current market conditions.